Brazil’s central bank trimmed its 2024 economic growth forecast as strong household consumption dwindles in the face of restrictive monetary policy.
The bank expects gross domestic product to expand 1.7% next year, down from September’s estimate of 1.8%. It sees activity growing 3% in 2023, above the 2.9% prior forecast, according to the quarterly inflation report published Thursday.
Read More : Brazil Central Bank Adjusts Downward 2024 Economic Growth Forecast